Shares of Universal Display Co. (NASDAQ:OLED) have been given a consensus recommendation of “Hold” by the fifteen analysts that are covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $186.28.
OLED has been the subject of a number of recent analyst reports. Oppenheimer cut shares of Universal Display from an “outperform” rating to a “market perform” rating and set a $190.50 price target for the company. in a research report on Wednesday, July 10th. They noted that the move was a valuation call. Deutsche Bank set a $230.00 price objective on shares of Universal Display and gave the company a “buy” rating in a research note on Friday, August 16th. Citigroup raised their price objective on shares of Universal Display from $180.00 to $223.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Needham & Company LLC lowered shares of Universal Display from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, ValuEngine lowered shares of Universal Display from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 2nd.
Shares of OLED traded up $2.85 during trading on Friday, reaching $213.81. 9,951 shares of the company traded hands, compared to its average volume of 713,630. Universal Display has a twelve month low of $78.78 and a twelve month high of $218.28. The stock has a market cap of $10.10 billion, a PE ratio of 172.31, a price-to-earnings-growth ratio of 2.62 and a beta of 1.53. The stock has a 50-day simple moving average of $205.28 and a 200-day simple moving average of $167.98.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.10 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.19%. Universal Display’s dividend payout ratio is currently 32.26%.
In other news, Director C Keith Hartley sold 10,528 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $214.27, for a total transaction of $2,255,834.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Mauro Premutico sold 14,076 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $175.16, for a total transaction of $2,465,552.16. Following the sale, the vice president now owns 51,989 shares of the company’s stock, valued at approximately $9,106,393.24. The disclosure for this sale can be found here. Insiders sold 177,801 shares of company stock valued at $34,646,297 in the last quarter. 3.70% of the stock is owned by insiders.
Several large investors have recently modified their holdings of OLED. Meridian Wealth Management LLC acquired a new position in shares of Universal Display in the 1st quarter valued at $31,000. TCI Wealth Advisors Inc. increased its holdings in shares of Universal Display by 1,458.3% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 187 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 175 shares during the period. HM Payson & Co. acquired a new position in shares of Universal Display in the 2nd quarter valued at $38,000. Weaver Consulting Group acquired a new position in shares of Universal Display in the 1st quarter valued at $39,000. Finally, Capital Investment Advisory Services LLC increased its holdings in shares of Universal Display by 94.0% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 194 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 94 shares during the period. Institutional investors and hedge funds own 74.80% of the company’s stock.
Universal Display Company Profile
Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications. As of February 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.
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